About This Home
This 4-bedroom, 3-bathroom single family at 608 N 9th Ave in Pensacola, FL is listed for $749,000 ($576 per sqft). Built in 1936, the home offers 1,300 sqft of living space on a 0.05 acres lot.
Key Features
- Built in 1936
- 0.05 acre lot
- 1 parking spaces
Property Details
Amenities
Located less than one mile from Downtown Pensacola, 608 N 9th Ave offers two fully furnished rental units on one property with established mid-term rental income already in place. Check the documents for proven cap rate info! The front unit is a 2 bedroom, 1 bath cottage with a covered front porch, bright exterior, and a layout that works well for furnished rental use.
The back unit is a 2 bedroom, 2 bath residence, with off street parking, giving the property two separate rental options on one downtown-adjacent parcel. Both units are currently leased through the remainder of 2026, giving an investor immediate income without the initial vacancy period, furnishing expense, or setup work typically required when launching a furnished rental.
The sale includes furnishings, and the property is currently self-managed with no property management fee built into the current operation. Projected 2026 gross revenue is approximately $66,506 based on seller-provided income history and existing lease agreements.
The location supports multiple rental strategies, with quick access to Downtown Pensacola, Pensacola Bay Center, McGuire's, the Sanctuary Event Venue, Publix, restaurants, festivals, and Pensacola Beach. The two-unit setup gives a buyer flexibility for mid-term rentals, furnished rentals, corporate housing, travel professionals, or a future owner-occupant scenario with personal residence in one unit and rental for the other.
Financial information, income history, projected expenses, and lease details are available for review. Buyers should verify all figures, lease terms, taxes, and rental projections during due diligence.
Monthly Cost Estimate
$4,006/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
608 N 9th Ave
Pensacola, FL 32501
New City Tract
Property Details
Construction
Pool Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 3-bathroom single family at 608 N 9th Ave is listed at $749,000 ($576/sqft). The estimated monthly payment is $4,005 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1936, 0.05 acre lot, 1 parking spaces.
This property is listed by Katie Anderson and can be reached at (850) 471-5000.
